MCG Capital / MCGC

About MCG Capital

1100 Wilson Blvd., Suite 3000, Arlington, Va. 22209
www.mcgcapital.com | 703-247-7500 | Founded: 1998

Industry: Financial Services | Category: Public Companies

Originally the media capital group of Signet Bank, MCG completed its transformation into a freestanding business last year with the exit of Goldman Sachs & Co., which had been its major shareholder since 1998.
Goldman sold most of its shares in MCG in a pair of public offerings and gave up its seats on the MCG board.
In another key management move, former Signet executive Wallace B. Millner III stepped down as chairman of MCG's board last year. He was replaced as chairman by board member Kenneth J. O'Keefe, a veteran radio industry executive.
Steadily expanding its portfolio of investments, MCG is stretching beyond its media roots. Among the clients it has bankrolled recently are a paintball company, an educational software firm, a maker of microcalorimeters used in drug research and a supplier of gear for horse hobbyists.
MCG's portfolio of investments grew to $4.4 billion at year end, aided by Wall Street's appetite for the company's stock. Last year, the company completed four separate common stock offerings — two for the Goldman Sachs shares — and raised additional funds through sales of preferred shares.

CEO and president: Steven F. Tunney

2005 Financial Data

Revenues: $119,545,000 | Net Income: $68,193,000
Asssets: $1,244,487,000 | Earnings Per Share: $1.42
Stockholder Equity: $666,087,000 | Annual Dividend: $1.68
Total employees: 128 | Local employees: None